Fair Value (Tables)

9 Months Ended

Sep. 28, 2018

Fair Value Disclosures [Abstract]

Partnership's Financial Assets at Fair Value

The following tables show the Partnership’s financial assets measured at fair value:

	Financial Assets at Fair Value as of
	September 28, 2018
	Level I		Level II		Level III		Total
Cash equivalents:
Certificates of deposit	$	—	$	277	$	—	$	277
Investments segregated under federal regulations:
U.S. treasuries	$	1,495	$	—	$	—	$	1,495
Certificates of deposit		—	200			—		200
Total investments segregated under federal regulations	$	1,495	$	200	$	—	$	1,695
Securities owned:
Investment securities:
Mutual funds(1)	$	264	$	—	$	—	$	264
Government and agency obligations		3		—		—		3
Equities		2		—		—		2
Corporate bonds and notes		—		1		—		1
Total investment securities	$	269	$	1	$	—	$	270
Inventory securities:
State and municipal obligations	$	—	$	30	$	—	$	30
Mutual funds		28		—		—		28
Equities		16		—		—		16
Corporate bonds and notes		—		6		—		6
Certificates of deposit		—		3		—		3
Total inventory securities	$	44	$	39	$	—	$	83

⁽¹⁾ The mutual funds balance consists primarily of securities held to economically hedge future liabilities related to the non-qualified deferred compensation plan.

	Financial Assets at Fair Value as of
	December 31, 2017
	Level I		Level II		Level III		Total
Cash equivalents:
Certificates of deposit	$	—	$	275	$	—	$	275
Investments segregated under federal regulations:
U.S. treasuries	$	2,399	$	—	$	—	$	2,399
Securities owned:
Investment securities:
Mutual funds(1)	$	252	$	—	$	—	$	252
Government and agency obligations		3		—		—		3
Equities		2		—		—		2
Corporate bonds and notes		—		1		—		1
Total investment securities	$	257	$	1	$	—	$	258
Inventory securities:
State and municipal obligations	$	—	$	24	$	—	$	24
Equities		16		—		—		16
Mutual funds		4		—		—		4
Certificates of deposit		—		4		—		4
Corporate bonds and notes		—		2		—		2
Total inventory securities	$	20	$	30	$	—	$	50